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Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Crosses Above 200 Day Moving Average - What's Next?

Morguard North American Residential Real Estate Investment Trust logo with Real Estate background

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.27 and traded as high as C$18.56. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.40, with a volume of 15,418 shares traded.

Morguard North American Residential Real Estate Investment Trust Stock Down 0.2%

The firm has a market capitalization of C$682.82 million, a PE ratio of 4.86 and a beta of 1.21. The stock has a 50-day simple moving average of C$17.15 and a 200-day simple moving average of C$17.25. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54.

Insider Transactions at Morguard North American Residential Real Estate Investment Trust

In related news, insider Sime Armoyan sold 1,400 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of C$122.00, for a total transaction of C$170,800.00. Corporate insiders own 26.42% of the company's stock.

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

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